Скачать или смотреть Let's Talk About Buying Life Insurance

Let’s talk through buying life insurance and the factors that will impact how much it will cost you. If you’re wondering how they calculate your premiums, there’s a few things to consider. You might hear an insurance agent mention the word “underwriting” that’s just what the pros call the math and science behind the pricing. They’re going to look at your age, your lifestyle (think smoking), and of course, your overall health. Premiums are also affected by the coverage amount you choose. The more coverage and the longer the term, the higher the premiums. Most people need “level term life insurance” for about 15-20 years. “Level” means the payout never changes. “Term” means a specific amount of time. Now, 15 or 20 years should give you enough time to raise the kids and get yourself to the place where your investments are earning enough in returns to replace your income if you die. That’s a huge accomplishment I like to call self-insurance. You become the bank, you’ve paid off your debt (including your house), and you’ve got nice big nest egg from consistently investing over time. And that means your family’s going to be just fine.